How To Articles

Buying or Selling a Business Slides

Most small businesses use outside Web hosting companies to host their websites. Here are the most important factors to consider when selecting a Web hosting service. Need to brainstorm? Discuss with a mentor today.

1. Do you want a dedicated or shared server?

The server is where your website resides. Sharing a server with other companies’ websites costs less, and a shared server can typically handle most small companies’ bandwidth needs. However, as your company’s website grows, you may want to consider a dedicated server. You may need a dedicated server if:

About the Author

AT&T Logo

AT&T is a recognized leading worldwide provider of IP-based communications services to businesses and a leading U.S. provider of wireless, high speed Internet access, local and long distance voice, and directory publishing and advertising services. AT&T Inc. has developed a small business resource site, http://smallbiz.att.com, which features tips, tools, events and advice.

If you’re currently using your website as a marketing tool and/or to give customers valuable information, the next obvious step is to add ecommerce capabilities. Selling products or services isn’t as hard as you might think and creates a new source of cash flow for your business. This tactic can allow even non-retail businesses to create new income streams. Discuss with a mentor today!

If you’re currently using your website as a marketing tool and/or to give customers valuable information, the next obvious step is to add ecommerce capabilities. Selling products or services isn’t as hard as you might think and creates a new source of cash flow for your business. This tactic can allow even non-retail businesses to create new income streams. Here are some ideas for what to sell:
  • Products you carry in your retail store

About the Author

AT&T Logo

AT&T is a recognized leading worldwide provider of IP-based communications services to businesses and a leading U.S. provider of wireless, high speed Internet access, local and long distance voice, and directory publishing and advertising services. AT&T Inc. has developed a small business resource site, http://smallbiz.att.com, which features tips, tools, events and advice.

Decelerating cash outflow in your business enables you to hold onto cash longer so you have more money available and more flexibility in your business. Here’s a closer look at some ways to decelerate cash outflow. If you have any question, don't hesitate to reach out to mentor to discuss further.

How-To Guide: How to Decelerate Cash Outflow

Decelerating cash outflow in your business enables you to hold onto cash longer so you have more money available and more flexibility in your business. Here’s a closer look at some ways to decelerate cash outflow.

About the Author

AT&T Logo

AT&T is a recognized leading worldwide provider of IP-based communications services to businesses and a leading U.S. provider of wireless, high speed Internet access, local and long distance voice, and directory publishing and advertising services. AT&T Inc. has developed a small business resource site, http://smallbiz.att.com, which features tips, tools, events and advice.

Ask SCORE

          After several years of doing management consulting for a large firm, I’m planning to pursue a career as a freelance management consultant. I’m good at what I do, but could use some advice on how to go about finding clients. 

          When you start a career as a freelance consultant, you begin a journey that will be as challenging and rewarding as anything you’ve ever done. Though the possibilities of what you’ll do and how far you’ll go are endless, there are some things you can count on—namely the constant pursuit for new work.

About the Author

This column is brought to you by the Merrimack Valley Chapter of SCORE, with nearly 70 current and former business executives available to provide free, confidential, one-on-one business mentoring and training workshops for area businesses. Call 603-666-7561 or visit merrimackvalley.score.org for information on mentoring, upcoming workshops and volunteer opportunities. SCORE is a national, non-profit organization and a resource partner of the U. S. Small Business Administration. 

Ask SCORE
          My beauty supply business has grown significantly in the short time we’ve been in 
business and I’m considering hiring an accountant. How do I find the right one?

          There are many responsibilities that come with being a small business owner, and everyone is critical to maintaining profitability and promoting growth. You can’t risk letting a deadline slip or overlook an administrative requirement, yet there are only so many hours in the
day to get things done.

About the Author

          This column is brought to you by the Merrimack Valley Chapter of SCORE, with nearly 
70 current and former business executives available to provide free, confidential, one-on-one 
business mentoring and training workshops for area businesses. Call 603-666-7561 or visit 
merrimackvalley.score.org for information on mentoring, upcoming workshops and volunteer 
opportunities. SCORE is a national, non-profit organization and a resource partner of the U. S. 
Small Business Administration.

This 14 page booklet provides specific information about starting a Non-Profit in Michigan.  It is produced by the Non-Profit Association of Michigan.

Learn the Basics - Tips for Non-Profits

Many people find that the best outlet for their entrepreneurial spirit is to improve the quality of their communities and their world by starting a non-profit organization. But while non-profit and for-profit organizations share many similarities, there are also key differences that can doom even the best of intentions.

Jim Maltry, a SCORE mentor with 26 years of experience in the non-profit community, discusses several of the most important factors to consider when planning and launching a non-profit.

Q:

How is the process of starting a non-profit similar to that for starting a small business? How do the processes differ?

About the Author

Jim Maltry Profile

Expert in Nonprofit. Very knowledgeable in all aspects of nonprofit areas. 26 years of experience with the nonprofit community. Experience includes; how to start a nonprofit,  legal requirements, fund raising, board development, recruitment of board members, nonprofit business plans and strategic plans. 

          After working for a large accounting firm for many years, I’ve decided to go out on my
own and specialize in helping small businesses with their accounting and financial needs.
          Initially, it will be just me, and to keep expenses down and be able to better manage my young
son, I’m thinking about operating out of my home. What are the pros and cons?

          For productivity, convenience, and downright comfort, nothing beats a home-based business. Here, most every day is “casual day,” and the only obstacle on your commute is dodging the cat or dog on your way upstairs.

About the Author

         This column is brought to you by the Merrimack Valley Chapter of SCORE, with nearly
70 current and former business executives available to provide free, confidential, one-on-one
business mentoring and training workshops for area businesses. Call 603-666-7561 or visit
merrimackvalley.score.org for information on mentoring, upcoming workshops and volunteer
opportunities. SCORE is a national, non-profit organization and a resource partner of the U. S.
Small Business Administration.

Readers who do not yet have the advantage of knowing you will judge you by your writing. Pay some attention to what you say and how you say it. What follows is a sample cover letter for a bank loan request. Note how much information is packed into a short letter, and that it focuses on what a banker would most want to know. 

Write as you would speak, but just a little more formally. Avoid slang and contractions. Do not try to make it too fancy. Start with a list of the main points you need to get across; then start explaining them. Use only the three basic tenses, past, present, and future. Refer to your business by its name, or "it". Thus, Contoso, Ltd. was formed in 1996 etc., is now called Adventure Works. Use "I" or "we" only when referring to the actions of the individual owners. Write in the active voice and in short sentences

Bank Loan RequestExecutive Summary 
ADVENTURE WORKS is a high-end design and remodeling firm with a reputation for integrity, quality craftsmanship, and excellence in management. In three years annual sales have increased to be well over a million dollars. 

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